Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2333 Lake Ave Altadena, CA 91001

    • Banks
    • 26,290 SF
    • 1.15 lot acres
    For Sale
    View listing
    $10,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8008795
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Webster's Community Pharmacy / Medical Supply Store / Toy Store
    • Chase Mortgage / Mortgage Lender
    • Latin Dance Pro / Dance School
    • Chase Bank / Bank / Atm
    • Mathnasium / Tutoring Service

    Property Details for 2333 Lake Ave

    Year built
    1959
    Construction
    TILT-UP CONCRETE
    Lot size
    1.15 lot acres
    Property size
    26,290 SF
    Zone code
    LCC3VV
    Property type
    Banks
    APN
    5845-019-017
    APU
    5845019017

    Description

    This exceptional 26,249 square foot retail property, situated on a 1.15-acre lot at 2333 Lake Avenue in Altadena, California, presents a compelling investment opportunity. The building, renovated and structurally retrofitted in 1991, boasts excellent visibility from Lake Avenue and benefits from high daily traffic counts of 13,793 vehicles. Its strategic location provides easy access to the 210, 134, and Glendale freeways, ensuring convenient access for customers and employees. The property is currently fully leased, generating substantial income. The diverse range of suites caters to a variety of tenants, and ample surface parking is available for customer convenience. This prime Altadena location is surrounded by numerous national retailers, including major anchors such as Chase Bank, 10th Planet Fitness, and Planned Parenthood, further enhancing its desirability and attracting a significant customer base. Strong area household and population demographics contribute to the property's consistent performance and long-term potential. This is a rare opportunity to acquire a fully leased, high-performing retail center in a thriving Altadena location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $735,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,361,000
      Market price range: $955k - $2.49M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Altadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.132
    Latitude
    34.1862
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $108,292
    $4,238,971
    $4,350,522
    $8,589,493
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,400 SF

      2345 Lk Ave

      FINANCIAL BUILDING • 5,400 SF
      2345 Lk Ave, Altadena, CA 91001-2452
      View Details
    • Value Estimation by Request
      17,892 SF

      2220 Lincoln Ave

      Individual retail properties • 17,892 SF
      2220 Lincoln Ave, Altadena, CA 91001
      View Details
    • Value Estimation
      $1,325,000
      6,000 SF

      421 Woodbury Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      421 Woodbury Rd, Altadena, CA 91001-2923
      View Details
    • Value Estimation by Request
      625 SF

      2648 Fair Oaks Ave

      RETAIL STORES (PERSONAL SERVICES) • 625 SF
      2648 Fair Oaks Ave, Altadena, CA 91001-5069
      View Details
    • Value Estimation by Request
      912 SF

      2336 Lk Ave

      RETAIL STORES (PERSONAL SERVICES) • 912 SF
      2336 Lk Ave, Altadena, CA 91001-2449
      View Details
    • Value Estimation
      $725,000
      2,564 SF

      2109 Lk Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,564 SF
      2109 Lk Ave, Altadena, CA 91001-2412
      View Details

    Similar Nearby for Sale

    • $10,500,000

      2333 Lake Ave

      Individual retail properties
      2333 Lake Ave, Altadena, CA 91001
      View Details
    • $6,250,000
      42 SF

      Permitted Mixed-Use Development Site

      Fully permitted mixed-use development site in Altadena with retail space.
      2214 Windsor Ave, Altadena, CA 91001
      View Details
    • $710,000
      6,921.00 Acres

      Residential Lot in Gated Community

      Residential lot in La Vina community, razed by Eaton Fire.
      820 Millard Canyon Rd, Altadena, CA 91001
      View Details
    • $580,000
      7,026.00 Acres

      Altadena Land with Mountain Views

      7,026 sq ft lot ready for development in Altadena.
      445 Wapello St, Altadena, CA 91001
      View Details
    • $549,000
      10,486.00 Acres

      Altadena Foothills Residential Land

      Flat lot in Altadena foothills with mountain views.
      215 E Calaveras St, Altadena, CA 91001
      View Details
    • $590,000
      11,704.00 Acres

      Altadena Land with Mountain Views

      Flat, usable land in Altadena with mountain views.
      2717 Maiden Ln, Altadena, CA 91001
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      1,000 SF

      Altadena Retail/Office Space Available

      Office and retail space for rent in Altadena, CA.
      2000 Lake Ave, Altadena, CA 91001
      View Details
    • Contact for pricing
      5,748 SF

      Altadena Retail Space Sublease

      Retail space with private offices and flexible floor plan.
      2387-2389 Lake Ave, Altadena, CA 91001
      View Details
    • $2,400 /Mo
      822 SF

      Altadena Condo in Gated Complex

      Townhouse-style condo with updated kitchen, in-unit laundry, and community pool.
      2680 Lake Ave, Altadena, CA 91001
      View Details
    • $2,000 /Mo

      Remodeled ADU with Included Utilities

      Remodeled 1-bedroom ADU with modern appliances and included utilities.
      2154 El Molino Ave, Altadena, CA 91001
      View Details
    • $1.25 SF/Yr
      35,640 SF

      Altadena Warehouse with Private Yard

      Gated warehouse with private yard and ample parking.
      540 W Woodbury Rd, Altadena, CA 91001
      View Details
    • $3 SF/Yr
      1,188 SF

      Altadena Business Park Flex Space

      Well-maintained flex space near JPL with easy freeway access.
      787 W Woodbury Rd, Altadena, CA 91001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2333 Lake Ave
    Altadena, CA 91001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.